Company KYC (Form INC-22A)


blog 2 e form active company KYC - Company KYC (Form INC-22A)

Tag your company’s status as ACTIVE by filing form INC- 22A with MCA

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    What is form INC- 22A?

    MCA has introduced a replacement form INC-22A – ACTIVE(Active Company Tagging Identities and Verification) with effect from 25th February 2019 by inserting Rule 25 A to the businesses (Incorporation) Rules, 2014. Every company incorporated on or before 31st December 2017 and are under ‘Active’ status has got to file this type on or before 25th April 2019. If the shape isn’t filed within the maturity then the MCA will charge late filing fees of Rs. 10,000/-. Further, the corporate is going to be marked as ‘ACTIVE non-complaint company’ and therefore the DIN related to such company is going to be marked as ‘Director of the ACTIVE non-compliant company’.

    Consequences of non-filing of form INC-22A

    • Late filing fees
      If the shape isn’t filed within the maturity, then the corporate is going to be marked as ‘ACTIVE non-complaint company’.
    • Restriction on Change in Authorised Capital
      A company that has not filed the shape won’t be ready to file the shape in reference to the change in the authorised capital of the corporate. Hence a corporation won’t be ready to file form SH-7.
    • Restriction on change in Paid-up Capital
      A company won’t be allowed to vary its paid-up capital unless the filing of the shape INC-22 A. a corporation won’t be ready to file form PAS-3 for change in paid-up capital.
    • Restriction on change in directorship
      A company cannot change the directorship except the cessation of the director if the shape isn’t filed within the maturity.
    • Restriction on amalgamation, demerger & closure
      A company won’t be ready to proceed for the amalgamation or demerger. a corporation won’t be allowed to file form INC-28 with MCA. Further, a corporation cannot apply for means exit or dissolution of the company.
    • Restriction on change in the registered office
      A company is going to be unable to vary the registered office address if the shape isn’t filed within the maturity. a corporation won’t be allowed to file form INC-22.

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